Most Databases Created Today Do Not Use the Hierarchical or Network

question 64

True/False

Most databases created today do not use the hierarchical or network models; however, these models, which are generally used with legacy mainframe systems, are still operational and so must be maintained.

---

Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Net Credit Sales

The total value of sales made on credit during a period, minus any sales returns or allowances.

Accounts Receivable

Outstanding payments from clients or customers to a company for delivered goods or services that remain unpaid.

Factoring Transaction

The process where a business sells its accounts receivable (invoices) to a third party (factor) at a discount, in exchange for immediate cash.